23 results
- 3 Jul 2013
Organised Criminals Take over Crude Oil Theft
Mr. Mutiu Sunmonu, managing director, Shell Petroleum Development Company of Nigeria (SPDC), has blamed well-financed and highly organised criminals for crude oil theft in the Niger Delta, saying…
- 4 Nov 2013
FG May Lose $12Bn to Oil Theft this Year
Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, according to Ngozi…
- 21 Jun 2013
Nigeria Loses N2.4Bn Daily to Shut Oil Pipeline
Nigeria may face severe financial difficulties in the months ahead as crude oil production has dropped further by 150,000 barrels per day due to the shut of the Trans Niger Pipeline (TNP) following…
- 22 Sept 2013
British Citizens Accuse UK of Fueling Corruption in Nigeria
Some British citizens have blasted their government for fueling corruption in Nigeria, after the think-tank Chatham House, reported that United Kingdom has doled out more than £1billion in aid to…
- 25 Oct 2013
Govt Agencies Connive with Culprits to Steal Nigeria’s Oil
The troubling and perceived pertinacious inaction by the government to curb the problem of oil theft in the country has been linked to some government agencies’ connivance with crude oil thieves.…
- 7 Nov 2023
How Nigeria Lost N4.3tn to Oil Theft in Five Years – NEITI
Nigerian government revealed on Monday, that over N4.3 trillion worth of crude oil was lost to oil theft in 7,143 pipeline vandalism cases within five years. This was disclosed at the Nigeria…
- 28 Oct 2013
Crude Oil Theft is New Face of Terrorism — Alison-Madueke
Mrs. Diezani Alison-Madueke, minister of Petroleum Resources, has declared that the grave phenomenon of oil theft and its global support system represents another face of terrorism which has…
- 4 Mar 2013
Shell May Shut Down Production Over Increasing Oil Theft
Shell Production and Development Company (SDPC), Nigeria’s joint venture partner in the production of crude, has threatened to shut down its Nember creek trunk line owing to the increased cases…
- 3 Apr 2013
Shell to Shut Plundered Nigeria Oil Pipeline
Shell plans to temporarily shut a key oil pipeline in southern Nigeria later this month to repair damage caused by oil thieves, leading to a cut of around 150,000 barrels per day, the company said…
- 23 Dec 2013
Navy Installs N2Bn Surveillance System to Tackle Piracy
Nigerian Navy (NN) has installed eight automated, long range camera-equipped surveillance towers in the waters just off the country’s coast, in a move aimed at tackling the surge in sea robbery…
- 11 Feb 2015
Deloitte: Nigerian Cyber Security Outlook 2015
Our 2014 cyber security outlook was an eye-opener into the Nigerian cyberspace as all the predictions made were accurate. 2015 must therefore not be underestimated as the seeming deduction is that…
- 10 Sept 2019
Shell Loses N202m Daily to Vandals, Oil Thieves —GM
Shell Petroleum Development Company of Nigeria Joint Venture has said it loses about N202 million daily in revenue to activities of criminals in the Niger Delta. The company attributed the…
- 20 Feb 2013
Nigeria Seeks Global Efforts to Curb Oil Thieves
President Goodluck Jonathan had last week, Nigeria’s lambasted Western countries whom he accused of buying ‘blood-oil’ stolen from the country’s massive network of crude-oil pipes in the Niger Delta…
- 19 Mar 2018
Shell Debunks Amnesty Allegations on Spills Management in Niger Delta
Shell Petroleum Development Company of Nigeria Ltd (SPDC) has denied allegations of environmental mismanagement in the Niger Delta levelled against it at the weekend by Amnesty International,…
- 2 Aug 2022
Shell to Acquire Drones to Check Crude Oil Theft in Niger Delta
Shell Petroleum Development Company (SPDC) has said it will acquire drones to monitor its pipelines and wellheads in the Niger Delta region. Igo Weli, SPDC’s general manager, External Relations, who…
- 1 Feb 2026
Security Forces Probe Use of Drones by Terrorists
The military high command at the weekend said it has commenced a full investigation into the use of drones by terrorists to carry out attacks. This is part of ongoing efforts to end insurgency in the…
- 25 Sept 2013
Report Names Nigeria as Organized Crime Hub of Africa
A damning report by StrategyPage, a leading resource on armed forces affairs worldwide said that Nigeria is seen by international crime experts as the center for organized crime in Africa because the…
- 24 Aug 2017
Check Point Identifies Nigerian as Behind Massive Global Cyber attacks
Check Point's researchers have revealed the identity of a cyber criminal who attacked more than 4 000 organisations over the past four months. The Israeli-based cyber security firm says the cyber…
- 2 May 2016
Nigeria Loses $1.5Bn Monthly to Sea Pirates, Fuel Fraud
Nigeria is losing about 1.5 billion dollars a month to piracy, armed robbery at sea, smuggling, and fuel supply fraud, a U.S. official said. Amb. Michele Sison, U.S. Deputy Representative to the UN,…
- 22 Aug 2017
Global Hunt for Nigerian Spreading Computer Virus
A Nigerian allegedly working alone around Abuja has stirred a global hunt as he orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four…
- 12 Sept 2017
How 20-Year Old Nigerian Attacked 4,000 Organizations Worldwide
An international hacking campaign targeting thousands of oil, mining and construction firms sounds like the work of a sophisticated criminal operation. The scale of such an endeavour suggests it…
- 25 Mar 2021
FG’s Crackdown on Bitcoin Echoes Global Crypto Conundrum
The backlash against the Central Bank of Nigeria (CBN) directive on cryptocurrencies echoes a dilemma facing governments around the world: how to regulate Bitcoin and other cryptocurrencies without…
- 23 Nov 2023
UK High Court Approves Nigeria Class Action against Shell
The UK High Court has ruled that Nigerian fishermen can pursue landmark human rights claims against Shell PLC relating to the alleged breach of the right to a clean environment under Nigerian…